Charles River Laboratories Exec Says Continue To Expect Lower Volumes For Research Models In North America, Spending From Academic And Government Clients Has Been Constrained By Flat NIH Budgets And Slower Grant Processing; Q3 Adj EPS Expected At $2.90 - $3; Well Positioned To Support Our Acquisition Strategy, We'd Love To Be Able To Add A Couple Additional Companies To Our Portfolio
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Why It Matters
Charles River says fewer customers are buying their research animals right now because schools and government labs have less money to spend. When you look at the company, watch whether this slowdown gets better or worse, since that tells you how their business is doing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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